Carvana Co (FRA:CV0) Cyclically Adjusted PB Ratio: (As of Jul. 30, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:CV0 Carvana Co FRA:CV0
73 GF Score
Price €56.58
GF Value €66.12
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Carvana Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Carvana Co  (FRA:CV0) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Carvana Co Cyclically Adjusted PB Ratio Related Terms


Carvana Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Carvana Co's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Carvana Co Cyclically Adjusted PB Ratio Chart

Carvana Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 122.92

Carvana Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 135.76 122.92 76.85 0.00

FRA:CV0 vs PAG, KMX, ALTB: Cyclically Adjusted PB Ratio Comparison

For the Auto & Truck Dealerships subindustry, Carvana Co's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Carvana Co Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Carvana Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Carvana Co's Cyclically Adjusted PB Ratio falls into.


FRA:CV0
73GF Score
Carvana Co FRA:CV0
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Carvana Co Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Carvana Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Carvana Co's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=4.725/333.9520*333.9520
=4.725

Current CPI (Jun. 2026) = 333.9520.

Carvana Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 241.428 0.000
201612 -1.466 241.432 -2.028
201703 -2.013 243.801 -2.757
201706 0.358 244.955 0.488
201709 0.305 246.819 0.413
201712 0.267 246.524 0.362
201803 0.181 249.554 0.242
201806 0.326 251.989 0.432
201809 0.378 252.439 0.500
201812 0.340 251.233 0.452
201903 0.224 254.202 0.294
201906 0.476 256.143 0.621
201909 0.381 256.759 0.496
201912 0.350 256.974 0.455
202003 0.154 258.115 0.199
202006 1.090 257.797 1.412
202009 1.036 260.280 1.329
202012 0.834 260.474 1.069
202103 0.768 264.877 0.968
202106 0.805 271.696 0.989
202109 0.765 274.310 0.931
202112 0.602 278.802 0.721
202203 0.161 287.504 0.187
202206 0.964 296.311 1.086
202209 0.522 296.808 0.587
202212 -0.922 296.797 -1.037
202303 -1.163 301.836 -1.287
202306 -1.208 305.109 -1.322
202309 0.557 307.789 0.604
202312 0.390 306.746 0.425
202403 0.456 312.332 0.488
202406 0.807 314.175 0.858
202409 0.871 315.301 0.923
202412 1.806 315.605 1.911
202503 2.070 319.799 2.162
202506 2.198 322.561 2.276
202509 2.751 324.800 2.829
202512 4.132 324.054 4.258
202603 4.500 330.213 4.551
202606 4.725 333.952 4.725

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Carvana Co (FRA:CV0) Overvalued in 2026?

Based on GuruFocus' analysis, Carvana Co stock appears to be undervalued. The current stock price of €56.58 is trading 14.4% below its estimated GF Value™ of €66.12. GuruFocus considers Carvana Co to be Modestly Undervalued.

Key valuation signals for FRA:CV0:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €66.12 vs. price of €56.58 (14.4% below fair value)
  • GF Score™: 73/100 with 3 warning signs

No single metric tells the full story. See the FRA:CV0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Carvana Co Business Description

Address 300 E. Rio Salado Parkway, Tempe, AZ, USA, 85281
Carvana Co is an e-commerce platform for buying and selling used cars. The company derives revenue from used vehicle sales, wholesale vehicle sales and other sales and revenues. The other sales and revenues include sales of loans originated and sold in securitization transactions or to financing partners, commissions received on VSCs and sales of GAP waiver coverage. The foundation of the business is retail vehicle unit sales. This drives the majority of the revenue and allows the company to capture additional revenue streams associated with financing, VSCs, auto insurance and GAP waiver coverage, as well as trade-in vehicles.
73GF Score

Get the complete analysis for FRA:CV0

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€56.58
Price
€66.12
GF Value